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In baseball,when one manager decides to send in a pinch hitter,the other manager often changes pitchers.This sometimes causes the first manager to send in a new pinch hitter.Once both managers decide that no more player substitutions will benefit their team,the situation has reached:
Current Liability
An entity's financial liabilities that must be settled with lenders within a twelve-month period.
Revenue Recognition
Revenue Recognition is the accounting principle that dictates the specific conditions under which revenue is recognized or accounted for.
Estimated Costs
Costs that are predicted or forecasted based on current information and experience, used for budgeting and planning purposes.
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